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20130216
20130224
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CNN 14
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Search Results 0 to 27 of about 28 (some duplicates have been removed)
CNN
Feb 21, 2013 8:00pm PST
with. >> he's not alone. >> our economy is adding jobs but too many people still can't find full-time employment. >> when president obama took office, 134 million americans were working in nonfarm jobs. today, after massive losses and a slow recovery, we're only 1.2 million jobs better off. and many pay less than those that were lost. recent study by the center for college affordability found almost half of college graduates are now in jobs that do not require four-year degrees. things like janitorial services, taxi driving and retail sales. professor richard vetter at ohio university helped author that study. >> let's say each one of them were making $20,000 a year more in income, which is quite plausible. we are talking about $400 billion a year in lost wages. >>> numbers like that made some economic analysts argue that underemployment may be every bit as damaging to the economy as unemployment. and kellock irvin is caught in the middle of it all. for now he takes freelance jobs as a photographer and part-time work with moving companies. but -- >> that can only support me so lo
CNN
Feb 19, 2013 8:00pm PST
. >> so these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is a fail too. after all, the feared forced cuts are 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped, fearing that we might l
CNN
Feb 21, 2013 4:00pm PST
economy. that's a really, really tiny slice of the thanksgiving pie, people. there is no need to cut from the vulnerable when it should be easy to cut the amount of money we're talking about from other places. so why is all we hear, the republicans won't do this, the democrats won't do that? danielle altman is an economics professor at ncu. daniel, one thing to acknowledge here, finding $85 billion should be no problem. $85 billion is a really small chunk of the change we actually need to find. so even if you cut from the right places, if you cut the right amount, it would hurt people, and i think we have to be honest about that, but the cuts we're talking about right now impact a lot of people, but brutal and dangerous for the economy? >> well, the thick is this. that it's $85 billion until the end of this year, but then we have these cuts maintained, and enlarged in some cases, going forward over the next seven years. so we've got almost $1 trillion in cuts. so if the sequester goes forward -- >> but over that ten-year period, you have to multiply that times ten too. >> but expectations
CNN
Feb 22, 2013 4:00pm PST
are employed, cut out 4% of the federal budget, that's going to have a big effect on the economy. >> the transportation secretary ray lahood spoke at the white house briefing today. all of you listen to this. >> there has to be some impact in order to save $1 billion. $1 billion is a lot of money. >> let's be clear, it's less than 2% of your budget -- >> it's a lot of money, jonathan. where i come from, which is central illinois, $1 billion is a lot of money. >> all right, john, jump in here. this is the tricky part, i think. $1 billion is a lot of money and i think daniel had a good point there. on the other hand, there are all sorts of businesses, all sorts of families, all sorts of states that have had to suck up bigger cuts and they haven't screamed that everything is falling apart at the hinges. is there political opportunism here? >> there's definitely political theater but this whole plan was supposed to be so stupid that it would compel the two parties to come together. the grant bargain but the parties can't seem to come together. what you're hearing is the washington mo
CNN
Feb 20, 2013 4:00pm PST
and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices. now it's time for the speaker to do the same." then he had a link to an 80-page proposal from september, including war savings, it includes tax reform, which of course they want. it doesn't fully lay it out by any stretch of the imagination. so jay carney was asked what specifically will the white house cut and here's what jay carney said. >> it's in the proposals he submitted to the speaker of the house that the speaker walked away from -- >> where does the president prevent sequestration from happening? shouldn't the president take the lead and present that -- >> well, first of all, congress has to act. >> all right. it's frustrating, no ma
CNN
Feb 18, 2013 11:00pm PST
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CNN
Feb 18, 2013 11:00pm EST
had to see. take a look at that thing. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it has 7 antioxidants to support cell health. we are all reflections of the people who came before us. at new york life, everything we do is to help you keep good going. this is what it's like... paying full price for a hotel room. and this is what it's like getting a high-end hotel room for 45% off published prices... ... with travelocity's top secret hotels.
Search Results 0 to 27 of about 28 (some duplicates have been removed)